According to SteelHome survey, Shanghai long steel prices increased by
10-70 yuan/t on February 12, 2019.
Φ16-18mm HRB400 rebar from Shente Steel was 3930 yuan/t. Φ8mm
HPB300 wire rod from Yaxin was 3880 yuan/t.
It is learned that traders began to return to the market. Inquiries
increased yesterday morning, but actual transactions were inadequate. It
is expected that the local price will drop vibrantly.
Market price of Shanghai construction steel on Feb 12,19(new)
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